Thu Jan 16 23:34:16 UTC 2025: ## Reliance Industries Reports Robust Q3FY25 Growth, Driven by Digital Services and Retail

**Mumbai, January 17** – Reliance Industries Limited (RIL) announced strong results for the third quarter of fiscal year 2025 (Q3FY25), reporting a consolidated net profit of ₹18,540 crore, a 7% year-on-year (YoY) increase. The growth was fueled by robust performance across its key segments: digital services, retail, and oil-to-chemicals (O2C).

RIL’s digital services arm, Jio, saw a significant rise in average revenue per user (ARPU) to ₹203.3, up from ₹181.70 in the same quarter last year, driven by tariff hikes and a better subscriber mix. Jio added 3.3 million net subscribers in Q3FY25, with total subscribers reaching 170 million on its 5G network. The company also highlighted the success of its JioAirFiber broadband service, expanding rapidly beyond Tier 1 cities.

Reliance Retail delivered strong results, posting an 8.8% YoY revenue increase to ₹90,333 crore, driven by festive buying and successful campaigns like JioUtsav. EBITDA for the retail segment grew by 9.5% YoY to ₹6,828 crore. The company opened 779 new stores, bringing the total to 19,102. Growth was seen across categories, including grocery (37% YoY growth), general merchandise, and apparel. Digital commerce contributed 18% of total retail revenue.

The O2C business reported a 6% YoY revenue growth, boosted by higher refining margins and volumes. EBITDA for this segment increased by 2.4% YoY.

While the Oil and Gas segment saw a decline in revenue due to lower gas and condensate volumes and prices, analysts offered mixed perspectives on the overall results. Some praised the company’s resilience in a challenging environment, emphasizing the positive ARPU growth and the retail sector’s strong contribution. Others noted that growth in certain areas had converged.

Reliance Industries’ stock was up 1.1% on January 16th, and 4.2% since the start of the year, outperforming the Nifty index. However, it remains 21% below its 52-week high. The company’s chairman and managing director, Mukesh D. Ambani, expressed satisfaction with the record EBITDA and PAT achieved during the quarter, highlighting the strength and resilience of Reliance’s diverse businesses.

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